BlockBeats news, on December 14th, 10x Research posted on social media that more and more people believe that there is a tight supply situation for Bitcoin, especially with the continuous accumulation of Bitcoin ETFs and MicroStrategy, the available supply of Bitcoin has decreased, laying the foundation for a potential “squeeze” market.
In the past 30 days, the centralized trading platform recorded a net outflow of 124000 bitcoins. Coinbase, which has the largest Bitcoin reserve, has released 72000 bitcoins, accounting for nearly 10% of its total balance. Binance has experienced 29000 Bitcoin outflows, with 570000 remaining. Other major trading platforms, such as Gemini, OKX, and Kraken, have also experienced significant outflows, with Kraken’s outflows accounting for approximately 7-8% of its holdings.
If these trends continue and demand remains strong, the market may face severe Bitcoin supply shortages. Especially the introduction of options in Bitcoin ETFs may further exacerbate this situation, triggering additional gamma squeeze and amplifying the upward momentum of prices.
More Information available in: www.cooldragon.io